For investments based on our stock and credit picking model the portfolio managers conduct an ESG analysis simultaneously with the traditional financial analysis for the companies. We do not have a separate ESG specialist. Portfolio managers give an ESG score to each company based on the company's ESG factors. The company is evaluated on the scale from excellent to passable. The score and other ESG risks & possibilities are reflected in valuation and business risk models and therefore affect the weight of the investment in the portfolio.

On the mutual funds' monthly fact sheet, we provide a distribution of these ESG scores. In addition, we can report the distribution of the ESG scores to our clients on a quarterly basis.